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back to uncertainty. we want the economy to get better. we will like it to be better soon, as fast as it can happen. when that happens, then this competition for our best and brightest talent will go up. in that environment, i am concerned that as they are weighing -- not the personal threats to themselves which they are willing to take -- but when they are weighing the financial certainty for their families that they will come down on a different side than government service. that is an important question. we have an all volunteer military. it has been stressed. this is another stressor. we need to be mindful of this because we are competing for the best talent. we have been getting it. there are magnificent people that raise their right hand, civilian, uniform, or whether they serve as contractors. it does not matter. they are all working hard to do the right things. it is preserving that. there is an impact here with what is going on. it is coming to our level. they are telling us there is an impact on them, and we need to be mindful of it. >> general alexander, could you comm
blockbuster retail sales. this economy is stronger than you think. that may be a triumph. president obama says there's no immediate debt crisis. he thinks we're clear for the next ten years. sir, are you sure? we'll have the details four on that debate and doesn't forget free market capitalism is always the best path to ross peter. later in the show we'll show you a violation of it that blows my mind. i'm kudlow. we'll be right back. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. see lioutdoors, or in.ight. transitions® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. maybe even a little bett
to be fiscally responsible and reduce the deficit. to make velft to grow our economy and to meet our obligation to our seniors, to our families and to our future and the republican budget fails all three. republican budget threatens our nation by undermining our economic growth and by shifting the financial burden for the deficit, and the deficit reduction, to our seniors and the middle class. republicans have made their choices clear, end medicare as we know it, adding costs to seniors today and ending the medicare guarantee tomorrow, slashing investments necessary for economic competitiveness and giving millionaires an average of $400,000 in tax breaks. republican budget eliminates protection for millions of our sickest seniors who depend on nursing home and home health services and republican budget will increase taxes for average middle-class families by $3,000. their choices will cost two million jobs next year alone and decrease economic growth by 1.7%. in contrast, the democratic alternative present serves -- preserves the medicare guarantee and makes investments in education, innovation
of the gridlock and dysfunction here in washington, d.c. they can see that our economy is slowly getting back on its feet, businesses are beginning to hire more workers, but my constituents and people across the country are very frustrated that the constant political crises are holding our recovery back right when we need to be doing everything possible to support it. after two years of debate about fiscal and economic policy and an election in which voters spoke loudly and clearly, the american people want their elected representatives to stop arguing and reach some solutions. mr. president, i come to the floor today to discuss a budget plan that meets this challenge. the senate budget that passed through the budget committee last week with the strong support of all ten democrats and two independents. it is a responsible and balanced plan that puts the economy first and tackles our deficit and debt responsibly and credibly, and i am hopeful that after it passes the senate, the house of representatives stands ready to compromise as well and we can come together around a balanced and bipartisa
it is important to realize that it is possible to make investments in our economy today, create jobs, repeal the sequester, and still reduce our deficit in a responsible and laled way. -- and balanced way. in closing i urge my colleagues not to be scared by the rhetoric that sometimes we hear. instead, i urge my colleagues to support one of the multiple budget proposals that reduce our deficit responsibly while creating jobs today and protecting the important programs like medicaid and medicare for generations to come. i yield back the balance of my time. the speaker pro tempore: the gentlelady yields back her time. the gentleman from georgia. mr. woodall: thank you, mr. speaker. i yield myself such time as i may consume. i thank the gentlelady for being with me on the floor today. i'll say that we sometimes have some controversy in the rules committee, mr. speaker. there is a lot of responsibility that lies in the rules committee. with 435 folks here in this chamber. we all would like to have our say. we'd all like to have our say probably more than once. and the rules committee's tasked wi
our ailing economy and certainly not the answer for the hardworking folks back home in wyoming. when you start with one party doing the drafting and those who wrote the budget hold the majority on the budget committee, you can expect the bill to be one-sided. if you keep on doing whatever you a been doing, you can expect to get the same results. unfortunately, i believe that's what we'll see this week as we debate the budget here on the senate floor. the majority kept us in the dark on the budget until the last -- until last wednesday evening. we had to present our opening statements in the budget committee before we even sue the budget the majority -- even saw the majority the budget would offer. i do have to say in the defense of the majority that that's the way it's been for several years, both when the republicans were in charge and when the democrats are in charge. thea's thacharge that doesn't mean it is right. you have to share it. so then we had to turn around and start voting on the amendments the next morning in the budget committee and we weren't part of that process, beca
, growing the economy, strengthening the middle class and reducing the deficit. our proposal puts people to work this year with specific and targeted investments, while investing also in education, energy, research and infrastructure and keeping our commitment to america's seniors. our plan is fair, balanced, reasonable and responsible. it is pro-growth, pro-people, pro-america and approach favored by the majority in this country. i yield back the balance of my time. mr. horsford: thank you, congresswoman bass. and to focus on jobs and investing in our future, the fact that is pro-growth, pro-people and 70% of the american people support this type of approach is why the c.b.c. is offering this as an alternative to the house republican majority. and to speak further on the pro-growth needs of this budget, my representative -- my colleague, i should say in the new freshman class. it's been a delight to get to know her, the gentlelady from ohio, representative beatty. mrs. beatty: thank you so much. thank you, mr. speaker. i rise today to discuss house budget committee chairman ryan's fisca
-sixth of the economy in order to be able to gain control of our lives, and of course it's going to be a mess. what does the government do that is good when it starts interfering with our lives? there are functions for the government. they need to remember what those things are and leave the rest of us alone. >> neil: what they discovered, as you warned -- this is prior to your prayer breakfast meet and greet with the president -- that all of a sudden the goodies would be showcased up front. the problems would be later. the goodies were fewer, the problems many more, and the cost of this potentially much, much hire than the thought. how is all of this rolling out now? >> well, of course the reason that it was done in secret, rather than in a transparent manner in which it was supposed to have been done, is because there are so many bad parts of it. there's so many obligations so many new taxes associated with it. it's incredibly expense simple. it was supposed to lower the cost. it has raised the cost of the premiums for average family, and in the neighborhood of $5,000. this is a disaster. and the real
the negativity out there i believe optimism is in the air. the stock market record highs, the economy is picking up, president obama in a charm offensive because his polls are way down. in fact he's now talking corporate tax reform. even pushing democrats on entitlement reform or so he says. now i know, i know, my favorite president reagan trust by verify, but i think there's some optimism out there and i'm going to do my best now to persuade my pal, conservative superstar ann coulter. she's the author on set for the full hour. jimmy williams. and michelle caruso-cabrera. ann coulter, i know you think i'm nuts but i'm telling you the stock market is a great signal. the republicans won on the sequester. obama's poll are down so now he's having to come to the negotiation table. i like this story. i want to be optimistic about this story. >> um, i want to be optimistic too. but i want to be realist jig. all,000 are the financial maven and i would normally defer to you, that's the only thing i'm pessimistic about. i think the economy -- i would not count on the stock market continuing to go up. i kn
revenue. you will get less tax renue when the economy is smaller. this is something that the market understands. they want to see the economy grow. less in the future is better for the economy and markets. neil: that would mean no that if we are continuing on this trend, everything that the markets are celebrating right now, slobby sequestration, whenever you want to call it could be short-lived and there could be problems. what do you see happening? >> well, i think rand paul messages effective not only for the markets, but for the economy and the country at large because he is making a connection between economic liberty and prosperity. he understands that does look to the 20th-ctury. always the most prosperous countries are always the most free. and the message of essentially constitutionality, individual rights, that is tremendously bullish for the market. bullish for the economy. hitting t nail on the head. the fact that everything investors are seeing that we had a sequestered. this guy did not fall. there is still more work to be done in terms of cutting the size of governmen
this economy. and i thank you once again, my good friend from california, for making all the important points this evening. mr. garamendi: washington, d.c., your leadership in this community has been known for some time and i thank you very much for joining us tonight. i want to do two things before i end. first of all, medicare is back on the table. the ryan budget takes up medicare once again and provides a voucher that will destroy it. i'm going to change this. medicare, 1965, president 2013, created by l.b.j., destroyed by the g.o.p. i don't think so. seniors don't want it. americans don't want it. the last campaign for presidency, this was one of the major issues and ryan is coming back with it. bad idea, bad timing. and i want to end with this, this is a great country. there is no other place in the world like the united states. it is one terrific country. there is enormous energy in this country, where people want to get a job and go to work and businesses want to grow and hire people. all of that is waiting for congress to get its act together, to get this sequestration out of the way
start controlling spending, but also focus on getting the economy back in track. i mentioned to the president if you want to start today and creating jobs, energy is a really good place to start. pen the stroke of the president could create 25,000 jobs. and look at the outer continental shelf, there are a lot of opportunities to create tens of thousands of good, high- paying jobs in the energy industry were not only do you , but youally good jobs also bring in treasury revenue that will reduce the deficit. you allow the country to become energy independent so we do not have to buy so many -- so much oil from the eastern countries that do not like us. we will see in the next few weeks if the president is serious about working with us. >> where did the president say i agree with you, let's do that? >> i specifically mentioned to the president on spending. he came as we said he will close the white house to tours. i said instead of these kinds of things of closing of the white house and threatening to lay off food inspectors, how about working with us on real specific ways that
in the economy. >> well, that is right. we are doing a lot of healing. housing market is finally showing signs of turning around. we have had increases in home prices nationwide, and home construction and home sales are up, and we show in the report that we have worked off a lot of the excess nationwide from the bubble years. the excess construction that took place. we are starting from the low base, but it look like housing will now be a tailwind instead of a headwind and we added 48,000 construction jobs last month which is a positive development going forward. >> i know that the president feels this way certainly that more work needs to the be done on jobs, but do you feel that the moves that have been made in job growth are significant enough to satisfy main street, because if you look at the latest abc news poll, it shows a disconnect once again between the p president's progress on the economy and the way that main street feels about his progress on the economy. >> well, the president certainly is not satisfied. you know, he came to office, and we were losing over 800,000 jobs a month. t
are for better or worse, ingrained features of the american economy. since when did cutting the deficit become such a big budget priority. we'll discuss the gop's attention deficit disorder when the ranking member of the house budget committee, congressman chris van holland joins us, just ahead. >>> time for the your business entrepreneur of the week. las vegas anesthesiologist took his experience in the e.r. and created a hangover cure, using an iv-administered formula. he put it on a bus, treating suffererses up and down the strip. we're here! we're going to the park! [ gina ] oh hey, dan! i really like your new jetta! and you want to buy one like mine because it's so safe, right? yeah... yeah... i know what you've heard -- iihs top safety pick for $159 a month -- but, i wish it was more dangerous, like a monster truck or dune buggy! you can't have the same car as me! [ male announcer ] now everyone's going to want one. let's get a jetta. [ male announcer ] volkswagen springtoberfest is here and there's no better time to get a jetta. that's the power of german engineering. right now lease on
is not buying it. and some economists are now saying that there's a shadow economy that could explain why the retail sales are rising despite static credit spending and paychecks. an explanation at last. at it all ahead unless breaking news changes everything. >>> from fox, at 3:00 in new york city, seven u.s. marines are dead and several others hurt after a training exercise in nevada. it happened at hawthorne army depot there last night. the military uses that base to store weapons and train troops. according to military sources, large mortar, like the one you see hour, somehow exploded. officials describe frantic scene. it was 45-minute chopper flight to the nearest trauma center in reno. today the white house says the president is watching the developments. >> the president's thoughts and prayers go to the families of those who were lost and those who are injured. we're obviously in the early stages of assessing the incident. it's a tragedy, clearly, and the president was briefed immediately on -- and made aware of it immediately and briefed on it, and we're monitoring the situation.
a negative impact on the national economy and perhaps even the world economy and d think that is the facts are these institutions have become too large. gerri: the administration disagrees with you. but i have to ask you, senator, are the banks simply too big, the major ones, five or six that do business with so many americans in this country. >> doesn't that bring up a whole other issue of if they're too big you can't govern them, you can't punish them, you can't discipline them, maybe that is an issue we have to deal with but that is not the immediate concern. the immediate concern is number one they said they relied on experts. senator brown and i want to know who these expes are. they want to know the judgment bas for which you can't ggt them for criminal activity, but the other things, is it a crime you can be a ceo of a company as opposed to a customer in the bank and violate the law and can't be punished for it. you get to big to jail in that instance. gerri: what the attorney general is saying is moving to a jail would jeopardize the financial syssem and i think everybody has in th
food assistance to kids in this country and funding for r&d will drive our economy, but we can't appropriate a sum of money to fix the real cost of iraq. can't pay back the lives of 4,486 american men and women who have died there or the roughly 2,000 broken soldiers who came home and took their own lives. the wounded, physically and mentally, the soldiers who didn't know how not to be a soldier, the families living with a hole in their hearts and the families living with someone they no longer recognize. 10 years leaving their families, living in hell, coming home to unemployment and the homelessness, to a country that's forgotten that it's at war at all, to a country that seems to think a yellow ribbon magnet on their bumper is the only kind of support that oir troops need and the cost in iraq, untold deaths. let me rephrase that. unknown deaths. we can only guess at the destruction that we have left in our wake. 115,000 iraqis, 600,000, you can find the number, what was the long-term impact of that on the environment, the water and health? what happens when someone lives in
chosen a woman to be head of the national bank. she served as economy minister from 2008 to 2009 and the first female central banker for a g-8 country. she'll take over from an inflation fighter. it should happen in june. the appointment raised questions about the central bank's independence and concerns kremlin will push for looser policy. we want to know what you think of the measure. is it a significant one for females, for the g-8 or for russia's monetary policy. send us your thoughts here. if you are just joining us, these are your headlines. italy prepares to test bond markets with its first long-term auction since a rating downgrade from fitch. spanish retail giant sees shares dip despite reporting solid profits and senate democrats tee up to reveal their own budget plan. straight ahead on the program, can the dow close at a high for a record ninth day? we'll preview the u.s. trading session when we come back. stay here. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how b
economy of our church is another big step in the right direction. >> reporter: the president along with first lady said is one wishes to the new pope in a statement that reads in part by look forward to working with his holiness to advance peace, security, and dignity for our fellow human beings fifth regardless of faith. we have also learned that vice-president biden will trav to rome for the pope's installation. lou: thank you very much. fox news correspondent. turning back to washington. the president asked by an unnamed republican whether white smoke would be emanating from the capitol building after today's meeting with republicans . the president responding, i think that straining the analogy a lot of folks would agree with them. not a surprising sentiment considering the president gave a national interview before the meetg trying to downplay the possibility of striking any kind of bipartisan deal on budgets cut taxes, and deficit reduction. >> it may be that the differences are just too white if their position is we cannot do any revenue or we can only do revenue if we get m
who balance their own budget that we are going to control spending but focus on getting the economy back on track. and we talk about specifics. i mentioned to the president that if you want to start today and actually create good job energy is a really good place to start. greenlight the key stone pipeline. with one stroke of the pen the president could create thousands of jobs. i represent southeast louisiana. there are a lot of opportunities to create tens of thousands of good high-paying jobs in the energy industry where not will you create high school jobs, a high school graduate could make over 55,000, but you bring in treasury revenue that will reduce our deficit. you allow our country to become energy independent so we don't have to buy so much oil from middle eastern countries who don't like us. we'll see in the next few beeks if the president is serious with working with us. >> where did the president say i agree with you? >> i specifically mentioned to the president on spending and the president kind of famously said he is going to close the white house to tours and school
's an means to the end. we want to revival upper mobility and growth in this economy. >> senate democrats are going to release their own spending plan after calling the republican proposal unacceptable. it will call for about $1 trillion in new revenues by closing tax loopholes and about 1 trillion in spending cuts at the same time but no structural changes to medicare and the question is will that get -- do either of these plans get anybody anywhere or is everyone talking to themselves? >> they're talking to themselves. we discussed it yesterday. in the last negotiations you still have the fact there are republicans who think that the republicans gave too much and then there are democrats who think that the democrats didn't get enough. so you have those clashing interests. >> i think what happened in january kind of derailed everything because by having these incremental advances instead of a grand bargain throws off the possibility that you do get the grand bargain. you see both sides digging in making sure they respond to their base saying the types of things that their base wants to h
coming up. in the next hour we're going to be talking the economy and the dow with jennifer ericsson from the center for american progress, and then we'll talk about cpac and james homan was at cpac and he'll be here in studio with us. the president is kind of kicking back this morning. he has private meetings in the morning, getting the daily briefing and then at 4:40 this afternoon we'll be delivering marks at a women's history gathering. another hour of the "full court press" coming up. [♪ theme music ♪] >> bill: good morning, everybody. itit i is s mondayayararchch 1 18th. welcome to the "full court press" here on current tv. we're bringing you up to date on all of the latest developments here in our nation's capitol, around the country and the globe, whatever is happening we'll tell you about it. and you get to tell us what it means to you by giving us a call at 866-55-press, joining us on twitter @bpshow, and there is a civil war among republicans. sarah palin said karl rove if he's so smart he ought to go back to texas and run for office, and karl ro
of balance. my goal is how do we grow the economy, but america back to work? >> america doesn't really have a budget right now, it has a continual resolution, which is an extension of an earlier budget. that expires on march 27th. if government goes beyond that without a patch, they could shut down. we're supposed to have an actual budget resolution voted on and in place by april 15th, but we're way behind on that. on may 18th, we're set to hit the debt ceiling. some say that could be the showdown. i want to bring in nancy, with the "new york times." andy, let's start with you. both sides put budgets out. everybody knows that neither of these budgets are going anywhere. what happens next? >> so, essentially, we're going to go through the same sort of continuing resolution process that you have seen over the last couple years. as you pointed out these budgets are political documents. they'll probably both pass their respective houses, but there's almost no way to bridge the gap between them and they're very vague documents. again, these are kind of political postures, then we're going to go
i did with this article. the simple fact is that we live in two economies in this country. all of them lived in one economy which has had a lot of trouble over the last decade and then there is the medical economy which has been booming, just going hog wild booming, and the reason, there is no con proehl on the profits and the prices, and i don't come from -- i'm a left-wing perspective. i look at it from the standpoint of the consumer which & they have no leverage under the marketplace. >> under the obama care there is hope for this because they'll be big nufr, how health care is the unit price. they all have to be built by the patient. >> i'm not sure we solved it, but we made a veiliant effort and i hely recommend steve's piece and it is one of the best things i've read on the spiraling cost. court tv founder and former governor howard dean. >> coming up, catholics around the world waiting for a new pope. why it would be beneficial for him to be a man of god with a head for business, but first, let's take a look at how treasurys, currencies and commodities fared today. >> on
, and middle-class alike. economy isar as the concerned, we are to come together and make it grow. people have been coming out of prison who have been locked up for years and have no sense of direction for what they will do when they get out, just because jobs require certain backgrounds. the money that we pay the why don't we use that to provide a job where everybody gets an opportunity to get off welfare and food stamps? a program should be put in place for those on financial assistance from the government to do some type of work, to earn what they get. those incentives that are being given could be used to develop the economy. thank you, c-span. host: on twitter -- al writes about cpac. that the editorial this morning on cpac from al cardenas as cpac joins its 40th year. travis is on the republican line. caller: there should be a progressive tax on revenue. and i would like to see campaign funds taxed. on the second amendment, it's as we shall not have any infringement [indiscernible]. take care. host: this remark from liz smith -- "usa today" has a story getting attention this friday morni
they need to compete in a very tough economy. today the federal government currently operates more than 50 different job training programs, many of which are duplicative. at a cost of $18 million annually to taxpayers. with nearly 20 million americans unemployed or underemployed, it's time to cut through the red tape and start training individuals with the skills they need to find high-paying middle-class jobs. mrs. wagner: that's why the house will take up the skills lap, which overlaps training programs which eliminates unnecessary red tape so state and local resources goes directly to job seekers. according to the report released by st. louis community college, 76% of employers said that employees lack proper training to contribute right away on the most important demand certificates for job openings were for registered nurses. the skills acts addresses those needs. we need to invest in nurses, manufacturing assistants and cut the ineffective government programs that do little to train employees for the skills they need. i yield back. the speaker pro tempore: the gentlelady yields back
a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work. >> america doesn't really have a budget right now. it has a continuing resolution, which is an extension of an earlier budget. that continuing resolution expires on march 27th. if congress goes beyond that without at least a patch, the government could shut down. by law, we're supposed to have an actual budget resolution voted on and in place by april 15th. but as i said, we are way behind on that. and then on may 18th, we're set to hit the debt ceiling. some say that's going to be the real showdown. annie lowry is the economic policy reporter with "the new york times." nancy cook is the economic and fiscal correspondent for the "national journal." annie, both sides put budgets out. everybody knows neither one is going anywhere. what happens next? >> eventually we'll go through the same sort of continuing resolution process you've seen in the last couple years. the budgets are political documents. they'll probably both pass their respective houses but there's almost no way to
and champion growth. our economy is stagnant and a lot of people are hurting. and that's where my focus remains, every day. >> shannon: you mentioned that republicans and democrats, you question whether or not they have read the constitution recently and if they adhere to it and if they are really familiar with what it is at its core. how do you reconfigure? how does either party get back to that? >> i think we are seeing a rejuvenation in the republican party. visaid for a while. i think -- i have said for a while, i think the best thing that happened to republicans was to get our teeth kicked in by 2008. by 2006, 2008, i think that republicans had stopped standing for principle. we saw a new generation of leaders step forward in 2010 and more continue in 2012, who are really focused on getting back to our core principles, getting back to the constitution and getting back to free market principles. i think far too many republicans had gone along to get along. had agreed with democrats and exploding the size of government -- i mean, that's how we have gotten a $16.5 trillion debt. i think the p
and the austerity he is putting in place has caused the economy to be really slow. >> a lot of tax increases over there in europe. we look at this austerity bit. i want to talk about this for a second. >> i want to get back to the budget then. >> talk about what is happening in washington. you know, economics discussed on tv or on the internet or on twitter, it's so depressing, because people really don't know what they are talking about and they just sort of boil it down and there is this belief through the years, that tax cuts are not a tool used. of course, tax cuts are a tool used and tax increases something that traditional are against in bad times. we hear about austerity across great britain and we never hear about the tax increases. when you talk about the fact they cut and slash spending at the same time they hike taxes, it really was a formula made to fail. >> spending cuts and tax increases both take money out of the economy and slow the economy and, yes, they create this idea of austerity. but, look. it's a balancing problem. on the one hand you need to deal with it budgets and defici
that republicans say over ten years we have another trillion dollars. i don't know how will a robust economy can be created out of this. i mean, if these tax increases which i agree, 1 trillion democrats are proposing and what happened. if it were that will be crushing to the economy. >> with all these tax increases in the pipeline to howland the world to we realize that dream a half percent average annual real gdp growth, the cbo is predicting for the five years. we have to get this growth if we are going to be on track to move toward a balanced budget. lou: the ryan budget does that in the course of n years, but it makes a huge assumption, as just under 2 trillion that would be derived from the elimination of obamacare. that does nothing, -- does not as i said at the outset seem likely. >> not feasible today, but once obamacare goes into effect it could be that those the observable as well a the possible rationing of health care could create such an outcry that this program would be watered down substantially. lou: do you agree? >> exactly. i think he is right. i don't think it wille overturne
might go a little higher. that has an inflationary effect on the economy. so you may be talking away the money you just gave that employee through the increase. raise prices throughout the economy. >> i have to say, you've now switched your argument from what it was going to do to your business to what it's going to do to the economy. >> very sharp, senator warren. whether a minimum wage increase and why. we've heard all this madness on the other side, especially small business people. we won't be able to pay insurance and the like. is that a real reasonable and persuasive argument? >> no and in fact, we have a real world experiment that tells us about this. in new jersey a few years ago, they raised the minimum wage. they did it in pennsylvania. there was an examination of fast food and it turned out that in new jersey, hiring went up and in pennsylvania, hiring went down. but let me turn this upside down. why aren't we talking about the fact that the total stock market is worth less today than in 2000 and yet, the ceos are getting more and more money. if we just turned this argumen
of law. they have tremendous workloads, but they keep this economy going. and if you slow that down, if you slow down civil dispositions where contracts are waiting to be enforced with the plant is quick to be built or so forth, whether the damages are going to be paid through someone who was the victim of the breach of conduct. if you're going to cause dismissal of the suits because of criminal suits, criminal prosecutions because of the light, then you're threatening the efficiency of the legal structure. thank you very much. to have one of the comments i want to share with you, this month you will hear cases that are of the utmost importance to many american families. that is with the gay americans have the right to marry straight couples and whether the congress can deprive legally married gay couples of the federal recognition and benefits. i mention this not because i expect either of you to speak on this issue. in fact i know you will not. president bill clinton who resigned doma enchilada and now requests its demise recently wrote the question of the cases rests on, quote, w
to ground in congress on handling the economy. we're in the middle of another budget mess and this time the president is not winning the battle handsdown. today we get the democrats trillion dollar tax hike plan and wait for it, stocks will be up again. okay retail sales, yes, stocks up again. here we go. "varney & company" is about to begin. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. weike this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades whenou open an account. neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from th
for a retirement crisis even as the stock market sits near highs and the economy shows improvement. host: so we're getting your take on this. your retirement andization. tell us if you are and why and if you are not, why not? it's a story in the "usa today" as well this morning confidence in retirement continues to flail about this report, because americans have to cope with many immediate financial concerns retirement is taking a backseat. only 2% of workers and a% of retirees say retirement is their most pressing issues. among other worries -- host: at least many americans have a more realistic perspective about retirement says the senior vice president of retirement and investor services at the principle financial group. host: in arkansas, a democrat, are you saving? caller: yes, i save every penny i can get my hands on. host: 401-k or how are you saving? caller: c.d.'s and bank accounts that are ensured. host: why not put it in the market? caller: i can't afford to lose it. i've seen too many people lose their behinds and with what little money i've saved all my life, i can't afford to lose
measures also create good quality american jobs that can help grow our economy for the future. it's a win-win that we should all support. that's why last month i reintroduced two bills that would help our local communities implement these cost saving measures. one is the coastal state climate change planning act which would provide for coastal states who wish to carry out adaptation projects in order to prepare for the impacts of climate change. and another bill is the water infrastructure resiliencey and sustainability act, supporting states wishing to update their aging storm, waste and drinking water systems in order to adapt for climate change. these bills would help our local communities to plan and prepare for the impacts of climate change and increased extreme weather. our communities deserve protections from these potentially devastating events, and we have a responsibility to help. mr. speaker, we have a choice. we can continue to spend tens of billions of dollars annually on emergency aid packages that will only grow in size and quantity or we can spend a fraction of that on pla
to the economy? >> i think you cannot get these kind of cuts without -- >> what cuts? i'm talking about freezing -- >> hold on. i know you're a young politician. i like young politicians more than old politicians. but whatever you are, you got to wait. because i let you go. right? let's do that. i think the answer is if you look at taking a big bite out of the jobs in the public sector, and taking away the spending that goes throughout the entire economy, that hurts growth. that's the biggest problem. i think an issue for you is i think it's great to have someone who's 23 out there running. i think that is great in both parties. we have way too many senior citizens making decisions for the rest of us. i'm with that. the question i have for you is, if you're going to go in your district, prince william counties is one of the biggest counties. >> 70,000 federal workers. >> you know where i'm going. that's the debate have. what's the largest employer there? >> 70,000 people. 1 out of every 10 people in my district works for the federal government. >> you're going to run. this is the question. you'r
, eventually as the economy recovers, slowly recovers, that's going to go up. don't forget natural gas. it's becoming a very r v real threat. >> i don't have a lot of time to make good op a bet, but i'll win this bet. phil, what could get in the win of your predictions? >> well, basically, the government's getting involved in fracking and going away from it, but, you know, i don't think the governments can get away from this. we have seen this in history before, neil. we go from cycles. remember the first time we had peak oil, a few years ago, running out of oil; right? we talked about whale oil. the market builds a better mouse trap, and right now, we are at the most significant juncture in u.s. energy. we're going to change the energy mix as we know it going forward. how you thought about energy five years ago totally changed. neil: i don't know. you have your own white puff of smoke you had today, i want to thank you, and speaking of the other big story of the day, white smoke means, as you know by now, we have a new pope, in fact, we have the first latin american pope putting a stamp o
round of attacks on some big banks. on the economy, there is no bigger bowl man ryan westbury. those stories and much more, maybe even a new pope. dagen mcdowell joins me for market now. ♪ dagen: you are very low. go cardinal dolan. i am actually excited. smoke watch is 1150-215 eastern time. we will see. if there is no pope, it will probably be about 2:15 p.m. eastern time. cheryl: you know what, i can watch a smoke stack for a few hours. top of the hour, almost. stocks now and every 15 minutes. nicole petallides at the new york stock exchange. nicole: i enjoyed that analogy. they are both very entertaining. we are down, the dow is down about 14 points. six record closes for the dow jones industrial. a green arrow would mean a record close for the dow today. names like verizon, procter & gamble, alcoa are pressuring the dow. the s&p is going nowhere fast. boeing hit a new 52 week high. you have many retailers hitting new 52 week highs. we are seeing american spending on gasoline, auto sales, grocery stores. talk to you. dagen: where is the disposable income after that payroll tax
of balance. my goal is how do we grow the economy, put people back to work, and if we do that, we're going to be bringing in more revenue, if we controlled spending and have a smart entitlement package, then potentially what you have is balance, but it is not balance on the backs of, you know, the poor, the elderly, students who need student loans, families who have disabled kids, that's not the right way to balance our budget. >> the glow is off paul ryan budgets, even for republicans, including former ryan worshipper rush limbaugh. >> now, there are people that don't like it, even on the republican side because it has tax increases in it, some say tax increases on the rich. leaves some of obama's tax increases in it. heritage foundation has done deep analysis of this. one of their problems with the ryan budget is, and they do have problems with it, is that hefty tax increases of obama's are maintained. they're kept in it. they're not done away with. >> paul ryan's budget leaves in the increase in top income tax rate that president obama achieved in january, the conservative blog red stat
and what we really need to do is to focus on growing the economy. the deficit is there. we can deal with it. but growing the economy is the first priority. >> yeah. >> congressman ryan, president obama campaigned on protecting the middle class. so why all of a sudden is chained cpi up there for grabs. even nancy pelosi is starting to embrace it here. are we seeing the democrats shift towards the republican position on protecting the big three? >> well, i'm not sure nancy pelosi is there just yet. i thought she was very careful on what she said, protecting the poor, protecting those seniors. so everything's fungible. and i'll go over battles for the poorest of the poor, our children and senior citizens with nancy pelosi any day of the week. and i'm confident in the house with the leadership of people like keith and john that we will be able to hold a line on some of this from the democratic side. but it does get worrisome every now and again when you hear these comments. i know you've got to be conciliatory and be ready for a grand bargain, but we're not going to sell our soul in the process
to do it this way, as for 2014, i thi it depends on the circumstances in the economy. if there is more obama fatigue. lou: can i say, watching the republican party with all prevail -- tre veil, i think that everyone better give up on idea of doing anything with the democrats and letting the economy doing the intellectual heavy lifting for the republican party, they better get ready to go. because, this is not going to be a default election, just as 2012 was. i have to -- i hate to do it, but we have to right there. anyway, thank yo thank you very, that is it for us, we hope you will be us tomorrow, congressman frank wolf of join us. on what is going on in the obama justice department, from new york. york. >> you know every liberal's dream that government seizing your money out right, there is nothing you can do about it. now no cyprus they could find out the hard way, this tiny island nation sent a tsunami shockwave to the rest of the world, keeping the banks closed until they find a more palatable way to. welcome i am neil cavuto, you got 10 grand in a bank account. how about waking
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